#ETH Today’s Pro Futures Trading Plan for $ETHUSDT - April 29, 2025
• Trade Direction:
Primary bias: "Long", riding the recent bounce off the mid-April low and sustained break above the 25-period MA.
• Entry Zone:
• 1,780 – 1,800 USDT
• (Look to scale in on a gentle pullback into the 7-MA / 25-MA zone)
• Stop-Loss:
• 1,742 USDT
• (Just below the 24 h low of 1,742.15 USDT)
• Risk/Reward Ratio:
• 1 : 3 (risking 38 USDT per ETH to target 114 USDT upside)
• Profit Targets:
• Target 1: 1,826 USDT
• 24 h high and near-term swing resistance.
• Target 2: 1,950 USDT
• Prior congestion zone and psychological 2k level buffer.
• Target 3: 2,238 USDT
• 99-period MA confluence and major overhead resistance.
• Strategy Explanation:
Enter on a disciplined pullback into the short-term moving-average cluster (7 / 25 MA). The post-April low up-move shows higher lows and a clean break above the 25 MA, signaling short-term momentum. A tight stop below yesterday’s low caps downside risk, while tiered targets align with logical supply zones.
• Market Sentiment Overview:
• Short-term: Bullish — price above both 7-MA and 25-MA with a series of higher closes.
• Medium-term: Neutral-bearish — the 99-MA remains well above current prices, marking broader resistance.
• Volume: Has tapered since the breakout; watch for renewed volume on strength to confirm conviction.
• Invalidation Level / Caution Note:
• A daily close below 1,700 USDT (or the 25-MA ~1,658 on a deeper retest) would invalidate the bullish thesis.
• Exercise caution around 1,826–1,850 USDT: look for any bearish rejection or volume divergence before extending positions.
Always size positions to your risk tolerance, and trail stops as price action confirms higher-low structure on the way to targets.
Disclaimer: Futures trading is highly risky. This analysis reflects my personal view and is not financial advice. Always do your own due diligence.